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Thomas W. Derry is chief executive officer of the Institute for Supply Management (ISM) in Tempe, Arizona.
ISM is a not-for-profit organization with more than 50,000 members worldwide. ISM delivers market intelligence, certification, training, and professional development to the global market of procurement and supply chain management professionals. ISM is best known as the inventor and publisher of the PMI® index as part of its monthly Report On Business®. The manufacturing PMI® and the NMI® for the services sector are closely followed by governments and capital markets as a leading indicator of global economic conditions.
Prior to joining ISM in July 2012, Derry spent nine years with the Association for Financial Professionals (AFP), a U.S. $23 million professional association, serving 17,000 corporate treasury and finance professionals. As chief operating officer, Derry directed a global staff located in the United States and United Kingdom. He was responsible for strategic planning and strategic development, including U.S. and Canadian professional membership organizations and two wholly owned, for-profit U.K. subsidiaries.
Prior to AFP, Tom was general manager of the LexisNexis business intelligence group headquartered in New Providence, NJ. Tom oversaw the implementation of a new strategy, restructured operations, and handled related acquisition integrations and strategic business unit divestitures.
Derry has substantial experience in product development, cross-border acquisitions and foreign joint ventures, strategic restructuring of operations and developing profit generating strategic alliances. Representing ISM, Derry is frequently interviewed on macroeconomic and business conditions by the Wall Street Journal, The New York Times, CNBC, Bloomberg Television, and other business media outlets. He is frequently invited as a conference speaker for various business groups. He holds a bachelor of science degree in foreign relations from Georgetown University. Derry is chairman and president of ISM Services, the for-profit consulting arm of ISM, a member of the Dean's Council for the W. P. Carey School of Business at Arizona State University.
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